National Pension System (NPS) and Atal Pension Yojana (APY) subscribers alert! Here’s an important update for you.

The Pension Fund Regulatory and Development Authority (PFRDA) has released a new consultation paper proposing a ‘dual valuation framework’ for government securities held under pension funds.

The move aims to make your pension wealth more transparent and stable, reduce the impact of short-term market fluctuations on your NAV, and ensure long-term, steady growth of your retirement savings.

The consultation paper, dated October 17, 2025, proposes the adoption of a dual valuation framework (‘accrual’ and ‘fair market’) for long-dated government securities held in NPS/APY to achieve three key purposes:

First, it aims to depict stable and simplified pension wealth accumulat

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